Phyzit of Little Rock Announces Partnership With CareSync

Transitional Care Management software vendor Phyzit of Little Rock and chronic care management vendor CareSync of Tampa, Florida, announced Thursday a partnership they said will bring providers tools to make it easier to meet requirements for Medicare reimbursement.

The Phyzit TCM app helps doctors and health care systems with transitional care management — the process of monitoring patients for 30 days following their discharge from a hospital.

“Basically, they don’t have what we do and so they’re using what we have,” Stephen Canon, Phyzit’s chief medical officer, told Arkansas Business. “And, for us, that’s a really big deal.”

According to a news release, the CareSync will offer the product to its customers later this year.

Phyzit CEO Keith Moore told Arkansas Business that transitional care and chronic care management fall under “population health,” an umbrella term. But the local startup is a software-only company, whereas CareSync also provides human resources services to help clinics.

Transitional care management is the monitoring of patients for 30 days after they leave the hospital. Chronic care management, Moore said, involves spending 20 meaningful minutes each month with patients that have chronic conditions that occur for three months or more, such as rheumatoid arthritis, fibromyalgia, multiple sclerosis, etc.

“The importance of seamless communication during this crucial transition period is quickly expanding, as Medicare’s focus on patient tracking and transitions throughout the care cycle continues to grow,” CareSync CEO Travis Bond, in a news release, said about the partnership. “With this approach to transitional care management, providers can now fill expectations of initiatives that transition the fee-for-service models to value-based models, and take advantage of reimbursement opportunities for their support during the transitional care period.”

Both types of management are incentivised by payers, Moore said, with the goal of both to keep patients out of hospitals.

At first, he said, Phyzit had planned to develop its own CCM product but found that the market was flooded. So it began talking to existing vendors. Phyzit and CareSync had been having discussions for six to eight months, Moore said.

Both products are now offered through the Athenahealth marketplace, which the TCM software became available on last month, he added.